Atlas Resource Partners provides update on operations, hedging program Atlas Resource Partners has provided an update on its operations and hedging program. Including the acquisitions completed in 2012 and its current drilling plans, ARP is forecasting FY13 net production in a range of 51 Bcfe to 56 Bcfe. The company has the following hedge positions for 2013: Natural gas: approximately 31 Bcf at an average price of $3.89/mcf; NGLs: approximately 165,000 bbl at an average price of $92.69/bbl; Crude oil: approximately 373,000 bbl at an average price of $92.30/bbl. The company anticipates 2013 CapEx of $175M. The company intends to raise at least $150M in investor funds in 2013 and to deploy $190M of investor funds in 2013. ARP expects FY13 limited partnership distributions of at least $2.35 per unit.
News For ARP From The Last 14 Days
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Atlas Resource Partners achieves average net production 133.0 Mmcfed Atlas Resource Partners achieved record average net production of 133.0 Mmcfed for Q1, a 21% increase over 4Q12.
Atlas Resource Partners increases Q1 distribution ARP increased its quarterly distribution to 51c per limited partner unit for Q1, an 6% increase from 4Q12.
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